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Recovery

Bitcoin Out of Capitulation? Can we get back above 200 day MA.It wouldn't be cryptocurrency if we didn't have eye watering corrections like these. I guess this is the price we pay for having astronomical gains and cryptocurrency still being in its infancy stages as a market and technology. Its been blatantly clear that there has been a lot of institutional and whale buying during this market crash. I have a short term 1 hour channel of Bitcoins capitulation trend. We slightly broke out of the capitulation channel but we may re-test $35,000. Seems like we may have formed a double bottom but we'll see. We're trending back towards being over the 200 day moving average. These are good signs of recovery. A lot of other analyst are stating we're in a "dead cat bounce" and we may head towards the lower $20,000 levels. That's possible if we drop back below $30,000 but I see way more support and recognition above $30,000 than there is at the $20,000 level. Even if we did drop back to $20,000 most people would buy that up in a heart beat. This crash is driven by nothing more than fear and emotions because at the end of the day the fundamentals of Bitcoin remains the same. Just my opinions. Much peace, love, wealth, and health. And yes, I strengthened my family's Bitcoin and Ethereum positions this crash.
COINBASE:BTCUSDLong
by peacefuljustin
QTUM/USDT Update: Huge pullback. ATH now >10x awayQTUM did see a huge pullback >70% and is now at a critical lvl around 8$. This and the 4.5$ support are nice entry levels. We are currently >10x away from the ATH around 100$ and Qtum did have great news this year. This graphs shows you why it is smart to take out some profit along the upwards ride. Then you have to buyback at lower levels. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
ADA/USDT Update: 50% Shakeout. What's next?Cardano did rally to new ATH around 2.4$. Some speculations about Elon accepting ADA as payment did help as well. At one point the FUD did influence the price and we saw a huge shakeout well >50%. Luckily most people in the Cardano system are more of the hodl and stake type so we don't expect mass panic in ADAland. Currently we got back new upwards moving trendlines. Let's see if these can hold and if we get a nice bounce of them. The Cardano ecosystem is about to explode once we get smart contracts which are around the corner. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
ONE/USDT Update: Testing upwards moving lineOne Harmony currently is volatile like crazy. We even test the upwards moving line we did draw several weeks ago and did not expect to hit it at all. Now here we are now testing the last support line before we potentially fall back to 0.03$. We expect this support to hold unless people can't hold themselves and continue with this FUD all around. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
NEO/USDT Update: Closing the gap to old supportCurrently Neo closes the gap to the old support arounf 40$. We still did not see new ATH which lies around 180$. However, we stay optimistic for this year to reach new ATH after the dust settles from this current pullback. We broke out of the upwards channel and try to get back in again. The volume over 2021 is high which indicates demand. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
2
REEF/USDT Update: New entry at a discountLike the whole market also REEF did see a major pullback despite recent bullish news. This is the opportunity to buy REEF at a previous support level like 0.023 or 0.016. Currently the whole market is in panic mode but once the dust settles and people realise that they should take FUD too seriously they start investing again. The RSI currently is closer to the oversold region. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
R
by tumbler55
4
EPS/USDT Update: Looking for Support. Currently in free fallIf you followed the EPS charts you noticed that we stayed bullish on this coin. Currently the situation is the following: We don't have any support line left and are currently in free fall. What does this mean? It basically means we have no idea if and at what price level this coin turns around. Will it turn around? Most likely yes, since the use case of low slippage decentralised stablecoin swapping is necessary as long as we have and use different blockchains. We now start staking since we don't realise at a loss and it looks like this takes some time to recover. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
E
by tumbler55
1
STRAX/BTC Update: Still following the upwards movement Like the whole market Stratis did see a major pullback. Looking at the chart against Bitcoin we see that we got pulled back near our ascending line (violet). The first resistance line around 0.000062 was taken out which will make it easier to go through the next time. Looking at the RSI we see that we get close to oversold regions. Checking the Fib we recognise that we have to hold the 0.6 line to remain bullish. If you are interested into more details about Stratis so checkout their twitter page: twitter.com You also can ask questions at their AMA on May 25 at 12:00 (EDT). Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
BTC/USDT Volatility time. Stay calm and enjoy yourself.Hello Everyone It seems that many currently have a hard time and probably are not familiar with this market volatility. This dip looks a lot like march 2020 where Corona started and countries did close their borders. At this time there were days where we dipped 40-50% and did not recovery soon at all. We think this time it's much different not only because many bigger institutions did invest into crypto as well. Also the technology behind it stays the same no matter what happens with the market and the movement where blockchain will become mainstream is unstoppable. There are just too many advantages and this year we also got the NFT hype which brought many new people into crypto that never wanted to touch anything with crypto. Now looking at the chart we see that we did break through the 40k lvl and found support at the 30k level which did act as support previously. We nearly got back above 41k and just did see some small decline. Checking the RSI we see that we are currently in the oversold region and this also for the daily chart. Checking the volume we see that volume rises since 2018 consistently. If all of this doesn't help then think about the fact that around a year ago we did not believe we could ever break out of the falling wedge and the 10k barrier and now we cry at 30-40k.^^ So relax and enjoy yourself. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
EPS/USDT Update: Will a double bottom save Ellipsis?Ellipsis as you already know did bleed out since the beginning of april where EPS was Binance listed. We now got a double bottom which is a strong reversal sign. Check out the volume increases and you will see that over the last month the increases appeared during upwards movements. These coins were not sold according to the chart which means most people that invested stay bullish and hodl on. Ellipsis has a great usecase providing the opportunity to interchange stablecoins as a decentralised plattform with low slippage. The future is decentralised and projects like EPS are at the forefront. We added to our EPS bag and enjoy the upcoming ride. Feel free to comment and start a discussion here. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ELong
by tumbler55
2
STRAX/BTC Update: Bullish H&S breakout. Upwards we go Stratis did a bullish breakout from the Head and Shoulders pattern. We even did break the first resistance line and are currently consolidating above it. If we manage to hold above the old resistance line and turn it into support we can expect further upwards movement. Checkout the twittersite of stratisplatform which is very active. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
9
ONT/USDT Update: 150% bagged. Last resistance already testedWe look at ONT since Feb 2021 where we started this parabolic recovery. 150% is already reached and we did bag some partial profit. The last resistance arounf 2.6$ was now tested and we did fail to break it the first time which is not unusual at all. The more often we test this reistance line the more likely it becomes that we can break it. After this resistance we aim for a new ATH >6$. Take a look at the volume increase, it is just beautiful. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
NEO/USDT Update: 70%bagged. Consolidation before 130$ breakoutWe could bag 70% from our last entry and take partial profits around 130$. NEO as any other coin is suffering from the market dip and is testing the 0.3Fib again. If the bearish news and all the FUD around this dip stops we are likely to see some more upside movement. NEO just started its longterm recovery. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
ONE/USDT Update: Testing 0.6Fib as support again. 0.2$ TargetOne Harmony currently affected from the market dump retests the 0.6Fib which is around 0.1$. We consider the 0.1$ as the new floor and expect the price to meet 0.2$ again. In the bearish scenario we even drop down to 0.08$ where the 0.7Fib is waiting. May 14th at 11am PST is the AMA with the CEO of OneHarmony where we maybe get some bullish news that helps recovering back to 0.2$. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
DJ30 will Fall to 32200 the Upcoming Week - Part 3 (Recovery)Here, I am using trend analysis to highlight market psychology, it's corrective actions, and why I believe this week is substantial. Ideally, after an abrupt market crash, the market would rebound to the same prices as before instantly or so. The Market Effifciency Hypothesis is not idealistic, though, and it takes into account the friction that it would take some time for the prices to settle. Yet, the is efficiency hypothesis has been proven wrong millions of times -- unless we wait till infinity -- as prices settle for long periods on over or undervalue, yet it's a popular belief among fundamentalists. Nevertheless, the hypothesis is write in the sense that there is equilibrium and this is controlled by diverse tensions. Obviously, one would need no hypothesis for that. Based on such equilibrium, I present this idea for why DJ tends to fall back to the same trend pre-COVID19 crash, as it has to do with the phases of recovery. Let's break down what's in the chart: Pitchforks: One is for the Denial phase trend, the other for the insistence phase. [* [Trend lines: Two showing the resistance and support of the pre-COVID19 trend, and the below one showing the prominent resistance since the crash. The phases of recovery (shown as corrections): Denial: A belief that the market would rebound to the same levels quickly, nor realizing that many industries were affected by the COVID-19 lockdowns which should affect their stocks values. Not to mention the market's inherent inefficienies. Insistence: After the first correction, we realized that the market can't rebound instantly, yet we are motivated more and are moving faster than ever before to catch up and surpass the previous equilibrium. We become arrogant. Acceptance: We surpassed the previous equilibrium and thought we were invincible only to find out that pride is not a value per se. This corrections bring us back to the ground, metaphorically speaking. From the trend lines, as you can see, the correction I am forecasting would bring us back to the equilibrium. Yet, due to the aforementioned inefficiency, it could be a beginning of a short-term down turn as the market overreacts. Yet, the equilibrium would prevail eventually until the market is no more reactionary and forgets about COVID19 altogether. Only then a new equilibrium could be found. This week we are hitting at full speed the prominent resistance since the crash of last year, which is not a small feat, given the laws of physics. Since the resistance became prominent, such action caused a rebound. This time, aliigned with a Fibonacci crossroad (see part 1), it could be more than a mere rebound.
CAPITALCOM:US30Short
by MontyMacht
BTCUSD bearish hammer price action aftermathThis is a small reminder to traders that do not pay great attention to candlestick patterns. While they might be too many to memorize, they are very useful and could guide you to a better trading experience. As we can see the bearish hammer was followed by a $1000 crash in BTCUSD price in less than an hour. for extra information, these kinds of crashes within the hour are expected not to last and recover intraday. Intraday: within the 24 hour time interval of the day. would you like to see more blog style posts? let me know in the comments!
COINBASE:BTCUSDShort
by TraderThierry
Growing Demand Likely to Drive Silver Towards 30.00As the global economy stabilises, demand is once again picking up. This is affecting the commodities market positively, including silver. The price is currently testing the major resistance level at 27.500. Once the price manages to break it, the next target would be the psychologically significant resistance at 30.00. Conversely, a potential (temporary) dropdown to the 100-day MA (in blue) or 200-day MA (in orange), both of which serve as floating supports, could allow bulls to enter long at a discount. At any rate, the recent breakout above the Wedge's upper boundary confirms these bullish expectations.
TVC:SILVERLong
by Trendsharks
STRAX/BTC Update: Entry picked, H&S plays out, 50x incomingWe did get our entry shown by the box. The Head and Shoulders pattern plays out as well and we are likely to see upwards movement. STRAX did hold very well during this midday pullback which is another bullish sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3
QTUM/USDT Update: Recovery after a huge shakeoutQtum did rally nearly 300% as expected. Then we did saw a huge shakeout all the way back to the 0.6 Fib level. Currently we recover and look for support around the 0.3 Fib level. We still have upwards potential so we hodl on. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3